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What does GNI stand for?

This classification stays the same throughout the World Banks fiscal year (from July 1 to June 30) even if the income data for a country changes. Low-income countries are those with a gross national income (GNI) per capita of $1,135 or less in 2024.

What is a high GNI?

Gross national income (GNI) is the aggregate value of the gross balances of primary incomes for all sectors. GNI is the gross domestic product, plus net receipts from abroad of compensation of employees, property income and net taxes less subsidies on production.

What are the 4 levels of global income?

One widely used approach is the World Banks income classification system, which places countries into four groups: low, lower-middle, upper-middle, and high-income countries. These groups are primarily intended for analytical and statistical purposes.

What are the lowest GNI earning countries?

Burundi, with a GNI of 730 international dollars, is the country with the smallest GNI per capita. Even if the country is in the process of transitioning from a post-conflict economy to a stable, peacetime economy, poverty remains at troublingly high levels.

What is considered low GNI?

For the current 2026 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,135 or less in 2024; lower middle-income economies are those with a GNI per capita between $1,136 and $4,495; upper middle-income economies are those with a GNI per

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What classifies as a low-income country?

A low-income country is classified by the World Bank based on its gross national income (GNI) per capita. As of 2024, low-income countries are those with a GNI per capita of $1,085 or less. In this chapter, the authors examine sustainable economic growth through a well-being approach, crucial for future prosperity.

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